Silver is now one of the hottest topics across financial markets. After breaking past $103 for the first time in history, the silver price has moved from “strong rally” into a full-blown macro story. Traders, institutions, and analysts are now looking at silver not just as a hedge, but as a potential leader in the next phase of the commodities cycle.

One of the more eye-catching projections comes from analyst Rashad Hajiyev, who shared a fresh take on the gold-to-silver ratio and what it could imply for silver if gold continues higher.

Rashad focused on the gold-to-silver ratio, a long-standing metric that shows how many ounces of silver it takes to buy one ounce of gold.

Historically, this ratio tends to fall during strong silver bull markets. When silver starts outperforming gold, the ratio drops sharply, often marking periods when silver enters its most aggressive phase.

Rashad adjusted the ratio chart and pointed to a descending channel that has been in place for decades. The lower band of that channel now targets a ratio near 18.

That number is important.

In previous cycles, major silver peaks have coincided with the ratio falling into the 30s or even low 30s. A move toward 18 would signal extreme silver outperformance versus gold.

Rashad’s projection ties the ratio target to a gold price scenario.

If gold reaches $6,000 per ounce and the ratio compresses toward 18, silver would mathematically trade above $200 per ounce.

That would represent more than a doubling from current levels, even after silver’s recent surge past $103.

The key point here is not that silver must reach $200. It is that if gold enters a new price regime and silver follows its historical behavior during strong bull cycles, silver’s upside potential expands dramatically.

This is based on how these two metals have interacted across multiple decades.

Read also: If Silver Price Hits $130, the Global Banking System May Not Survive the Shock

For most of the last few years, the gold-to-silver ratio stayed elevated, often above 80 or even 90. That told a clear story: silver was underperforming gold badly.

Now that silver has broken into triple digits, that dynamic is changing fast.

As silver starts to lead instead of lag, attention naturally shifts to how much further that outperformance can go.

Rashad’s chart indicates that silver’s current move may still be early in that process, rather than near the end.

Read also: Gold and Silver Rally Sends Fresh Signals Pointing Toward Crypto Altseason

It is important to stay grounded.

A $200 silver price would require more than technical alignment. It would likely need a combination of:

None of those are guaranteed. But none of them are unrealistic either, given the current macro backdrop.

Silver is reacting like a strategic asset tied to energy, electrification, and currency risk all at once. That is what makes projections like Rashad’s interesting and worth looking into, even if they sound aggressive.

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The post Here’s the Silver Price If Gold Hits $6,000 per Ounce appeared first on CaptainAltcoin.

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